Today we take a look at CADJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. CADJPY is facing bullish pressure as we can see price continue to hold above the EMA (34). It could potentially rise from our buy entry level, which is in line with our 50% Fibonacci retracement, to our take profit level, which is in line with our -27.2% Fibonacci retracement level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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